Alamos Gold Stock Market Value
| AGI Stock | USD 18.45 0.07 0.38% |
| Symbol | Alamos |
Alamos Gold Price To Book Ratio
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alamos Gold. If investors know Alamos will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alamos Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.011 | Dividend Share 0.1 | Earnings Share 0.6 | Revenue Per Share 3.047 | Quarterly Revenue Growth 0.409 |
The market value of Alamos Gold is measured differently than its book value, which is the value of Alamos that is recorded on the company's balance sheet. Investors also form their own opinion of Alamos Gold's value that differs from its market value or its book value, called intrinsic value, which is Alamos Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alamos Gold's market value can be influenced by many factors that don't directly affect Alamos Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alamos Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alamos Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alamos Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Alamos Gold 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Alamos Gold's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Alamos Gold.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Alamos Gold on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Alamos Gold or generate 0.0% return on investment in Alamos Gold over 60 days. Alamos Gold is related to or competes with Pan American, Newmont Goldcorp, Wheaton Precious, Franco Nevada, Kinross Gold, Sandstorm Gold, and Royal Gold. Alamos gold holding oorperatief u.a. operates as a subsidiary of Alamos Gold Inc More
Alamos Gold Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Alamos Gold's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Alamos Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.39 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 3.14 |
Alamos Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alamos Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alamos Gold's standard deviation. In reality, there are many statistical measures that can use Alamos Gold historical prices to predict the future Alamos Gold's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (2.19) |
Alamos Gold Backtested Returns
Alamos Gold secures Sharpe Ratio (or Efficiency) of -0.0218, which signifies that the company had a -0.0218% return per unit of standard deviation over the last 3 months. Alamos Gold exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alamos Gold's risk adjusted performance of (0.02), and Mean Deviation of 1.46 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0319, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alamos Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alamos Gold is expected to be smaller as well. At this point, Alamos Gold has a negative expected return of -0.0452%. Please make sure to confirm Alamos Gold's value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to decide if Alamos Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Alamos Gold has weak reverse predictability. Overlapping area represents the amount of predictability between Alamos Gold time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alamos Gold price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Alamos Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 1.04 |
Alamos Gold lagged returns against current returns
Autocorrelation, which is Alamos Gold stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Alamos Gold's stock expected returns. We can calculate the autocorrelation of Alamos Gold returns to help us make a trade decision. For example, suppose you find that Alamos Gold has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Alamos Gold regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Alamos Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alamos Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alamos Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Alamos Gold Lagged Returns
When evaluating Alamos Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alamos Gold stock have on its future price. Alamos Gold autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Alamos Gold autocorrelation shows the relationship between Alamos Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Alamos Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Alamos Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alamos Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alamos Gold Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alamos Gold Stock:Check out Alamos Gold Correlation, Alamos Gold Volatility and Alamos Gold Alpha and Beta module to complement your research on Alamos Gold. For more detail on how to invest in Alamos Stock please use our How to Invest in Alamos Gold guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Alamos Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.